UPSTREAM SOLUTIONS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
UPSTREAM SOLUTIONS
Largest movements
- Tangible fixed assets -€105,025
down €105,025 (-2.9%), from €3.6m to €3.5m
of which Land and buildings: -€99,590
- Cash -€96,718
down €96,718 (-46.1%), from €209,969 to €113,251
mainly Debts after one year (-€156,629) and Net result for the year (-€152,984)
- Receivables within one year +€49,178
up €49,178 (+15.3%), from €321,943 to €371,121
of which Trade receivables: +€107,032
- Other debts +€226,804
up €226,804 (+154.8%), from €146,552 to €373,355
- Debts after one year -€156,629
down €156,629 (-6.2%), from €2.5m to €2.4m
- Profit (loss) carried forward -€152,984
down €152,984 (-58.3%), from -€262,357 to -€415,341
- Tax, wage and social debts -€66,427
down €66,427 (-96.2%), from €69,056 to €2,628
- Gross operating margin -€624,871
down €624,871 (-84.0%), from €743,892 to €119,021
- Other operating charges +€22,733
up €22,733 (+109.6%), from €20,740 to €43,473
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,745,998 | €4,593,433 | -€152,565 | -3.2% |
| Fixed assets | 21/28 | €4,214,085 | €4,109,061 | -€105,025 | -2.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,574,306 | €3,469,282 | -€105,025 | -2.9% |
| Land and buildings | 22 | €3,502,917 | €3,403,326 | -€99,590 | -2.8% |
| Plant, machinery and equipment | 23 | €26,371 | €25,243 | -€1,128 | -4.3% |
| Furniture and vehicles | 24 | €20,739 | €14,744 | -€5,995 | -28.9% |
| Leasing and similar rights | 25 | €4,643 | €7,948 | +€3,305 | +71.2% |
| Other tangible fixed assets | 26 | €19,637 | €18,021 | -€1,616 | -8.2% |
| Financial fixed assets | 28 | €639,779 | €639,779 | = | 0.0% |
| Current assets | 29/58 | €531,912 | €484,373 | -€47,540 | -8.9% |
| Amounts receivable within one year | 40/41 | €321,943 | €371,121 | +€49,178 | +15.3% |
| Trade receivables | 40 | €223,423 | €330,455 | +€107,032 | +47.9% |
| Other amounts receivable | 41 | €98,520 | €40,666 | -€57,854 | -58.7% |
| Cash at bank and in hand | 54/58 | €209,969 | €113,251 | -€96,718 | -46.1% |
| Total equity and liabilities | 10/49 | €4,745,998 | €4,593,433 | -€152,565 | -3.2% |
| Equity | 10/15 | €373,715 | €220,731 | -€152,984 | -40.9% |
| Contributions | 10/11 | €33,850 | €33,850 | = | 0.0% |
| Revaluation surpluses | 12 | €470,182 | €444,674 | -€25,508 | -5.4% |
| Reserves | 13 | €132,040 | €157,547 | +€25,508 | +19.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €132,040 | €157,547 | +€25,508 | +19.3% |
| Profit (loss) carried forward | 14 | -€262,357 | -€415,341 | -€152,984 | -58.3% |
| Provisions and deferred taxes | 16 | €918,429 | €923,556 | +€5,127 | +0.6% |
| Provisions for liabilities and charges | 160/5 | €918,429 | €923,556 | +€5,127 | +0.6% |
| Pensions and similar obligations | 160 | €98,670 | €102,664 | +€3,994 | +4.0% |
| Other liabilities and charges | 164/5 | €819,759 | €820,892 | +€1,133 | +0.1% |
| Amounts payable | 17/49 | €3,453,854 | €3,449,146 | -€4,708 | -0.1% |
| Amounts payable after more than one year | 17 | €2,541,278 | €2,384,649 | -€156,629 | -6.2% |
| Financial debts | 170/4 | €2,541,278 | €2,384,649 | -€156,629 | -6.2% |
| Amounts payable within one year | 42/48 | €874,738 | €1,026,659 | +€151,921 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €183,691 | €172,615 | -€11,076 | -6.0% |
| Trade debts | 44 | €475,439 | €478,060 | +€2,621 | +0.6% |
| Suppliers | 440/4 | €475,439 | €478,060 | +€2,621 | +0.6% |
| Taxes, remuneration and social security | 45 | €69,056 | €2,628 | -€66,427 | -96.2% |
| Taxes | 450/3 | €69,056 | €2,628 | -€66,427 | -96.2% |
| Other amounts payable | 47/48 | €146,552 | €373,355 | +€226,804 | +154.8% |
| Accrued charges and deferred income | 492/3 | €37,838 | €37,838 | = | 0.0% |
| Non-recurring operating income | 76A | €562,328 | €2,129 | -€560,199 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,493 | €153,969 | +€6,475 | +4.4% |
| Other operating charges | 640/8 | €20,740 | €43,473 | +€22,733 | +109.6% |
| Non-recurring operating charges | 66A | €2,311 | €2,500 | +€189 | +8.2% |
| Gross operating margin | 9900 | €743,892 | €119,021 | -€624,871 | -84.0% |
| Operating profit (loss) | 9901 | €573,347 | -€80,921 | -€654,268 | |
| Financial income | 75/76B | €3,723 | €1,846 | -€1,877 | -50.4% |
| Recurring financial income | 75 | €3,723 | €1,846 | -€1,877 | -50.4% |
| Financial charges | 65/66B | €71,525 | €73,348 | +€1,824 | +2.5% |
| Recurring financial charges | 65 | €71,525 | €73,348 | +€1,824 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €505,545 | -€152,424 | -€657,969 | |
| Income taxes | 67/77 | €522 | €560 | +€38 | +7.3% |
| Profit (loss) for the period | 9904 | €505,023 | -€152,984 | -€658,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €505,023 | -€152,984 | -€658,007 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.